HTBK Q3 2022 Earnings — Heritage Commerce Corp Revenue & Financial Results | Market Cap Arena

HTBKHeritage Commerce Corp

$758M

Q3 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$53M+24.1% YoY

Gross Profit

$49M94.0% margin

Operating Income

$26M49.3% margin

Net Income

$18M34.4% margin

EPS (Diluted)

$0.30

QoQ Revenue Growth

+15.0%

Cash Flow

Operating Cash Flow

$16M

Free Cash Flow

$16M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$5.4B

Total Liabilities

$4.8B

Stockholders' Equity

$610M

Cash & Equivalents

$682M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$53M	$42M	+24.1%
Gross Profit	$49M	$41M	+20.1%
Operating Income	$26M	$19M	+34.5%
Net Income	$18M	$14M	+31.7%

Revenue Segments

Service charges and fees on deposit accounts

$1M100%